Sperling: Obama Won’t Backtrack on $10.10 Minimum Wage

The White House is sticking to its bid to raise the minimum wage to $10.10 an hour despite independent projections that it could spur job losses.

White House economic adviser Gene Sperling said Tuesday that President Barack Obama won’t backtrack to the $9 rate he pitched a year ago. In January’s State of the Union address, Mr. Obama endorsed the higher level favored by congressional Democrats. The current federal level is $7.25 per hour.